Posted: Jan 24, 2013 10:51 AM by Russell Jones
Source: LSU Sports Information
BATON ROUGE - A pay increase and extension for LSU head football coach Les Miles' contract will go before the Board of Supervisors on Feb. 1, according to the university.
LSU athletic director Joe Alleva said the amendment to the contract was agreed upon in December, increasing his annual compensation to $4.3 million from its current $3.751 million level. Miles' contract would also be extended two years, to end in 2019.
The contract would also include a retention bonus of $750,000 which Miles could collect if he remained at LSU for five years, and an additional $300,000 if he completes the last two.
"Les Miles is one of the most successful coaches in America and he has the LSU program in position to compete for championships each and every year in the most dominant football conference in the country," Alleva said. "He recruits at an elite level, his players graduate and he is a respected member of the community. We are proud he will lead the LSU football program for the long-term future."
Miles has an 85-21 record with the Tigers after joining LSU in 2005. Alleva also said under Miles, LSU has posted the second highest Graduation Success Rate in the SEC, trailing only Vanderbilt, for the past two years.